T-Mobile's Network Advantages and Customer Momentum Bolster Investment Thesis, Analyst Says
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Matthew Harrigan reiterated a Buy rating for T-Mobile US Inc (NASDAQ:TMUS) with a $200 price target. Harrigan sees T-Mobile as a relative haven if the current equity rally reverses. T-Mobile's customer momentum and long-term pricing are expected to benefit from a better network and superior value perception. The company is rolling out nationwide four-carrier aggregation for 5G, which should enhance its network capabilities. T-Mobile is also gaining traction in smaller and mid-sized markets, complementing its improved brand and network perception in urban areas.
July 26, 2023 | 6:57 pm
News sentiment analysis
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NEUTRAL IMPACT
Verizon Communications Inc's recent release and conference call did not disrupt the analyst's investment thesis for T-Mobile.
The news does not directly impact Verizon, but the mention of the company in the context of T-Mobile's investment thesis suggests a neutral impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
T-Mobile's network advantages and customer momentum are expected to bolster its investment thesis. The company's nationwide four-carrier aggregation for 5G and traction in smaller and mid-sized markets are positive indicators.
The analyst's positive outlook on T-Mobile, along with the company's ongoing initiatives to enhance its network capabilities and expand its market reach, are likely to have a positive impact on its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100